Tuesday, October 14, 2014

Thomas D. Wood and Company’s Tampa, FL Office Secures $16,743,409 in Commercial Mortgage Transactions


Doug Rozzell
Tampa, FL, Oct. 14, 2014 – The Tampa Office of Thomas D. Wood Company, a Strategic Alliance Mortgage LLC member, secured $16,743,409 in commercial mortgage transactions for properties located in Florida, North Carolina, and South Carolina.  Interest rates continue to stay as low as 4.0%, contributing to the increase in successful closings.

Company Senior Vice President Doug Rozzell secured construction financing for Viera Phase III and Phase IV in the amount of $8,729,959 through Thomas D. Wood and Company’s relationship with a local bank.  

The two retail centers will be built on 6.67 acres of land in Melbourne, Florida, and will be home to major tenants PetsMart, Buffalo Wild Wings and Tijuana Flats.

Rozzell obtained financing for University Terrace in the amount of $3,850,000 through Thomas D. Wood and Company’s relationship with a regional bank.  The permanent loan has a term of 10 years, based on a 25-year amortization and an interest rate of 4.10%.  The 7,426 square-foot retail center was built in 2008 and is located in Orlando, Florida.

Shoppes at Vista Lakes
Rozzell secured construction financing for Harbison Shoppes in the amount of $2,759,450.  The construction/mini-permanent loan has a term of two years based on a 25-year amortization, with the first year interest-only.  The 7,400 square-foot retail center is currently being built on 0.51 acres of land in Columbia, South Carolina.

Rozzell obtained financing for the Shoppes at Vista Lakes in the amount of $900,000. Rozzell refinanced the property, providing the borrower a fixed-rate fully-amortizing loan with a term of 15 years.  The 8,470 square-foot retail property is located in Orlando, Florida.

Rozzell also secured a bridge loan in the amount of $504,000 for undeveloped commercial land in Asheville, North Carolina.
  For a complete copy of the company’s news release, please contact:

 Jessica Kinnee
Director of Marketing & Public Relations           
Thomas D. Wood & Co.
 (407) 374-0251              

Taylor & Mathis Orlando Signs WastePro to 15,000-SF Renewal and Expansion at The Springs in Longwood, FL

The Springs, Longwood, FL
ORLANDO, FL – Damien Madsen, Principal of Taylor & Mathis Orlando has closed a 15,000 square foot lease with WastePro to nearly double the size of their headquarter offices at The Springs in Longwood, Florida.

This transaction totals close to 15,000 square feet encompassing nearly the entire 2nd and 3rd floors of the building with WastePro renewing their lease for the building’s third floor and expanding to take nearly the entire second floor as well.

  For a complete copy of the company’s news release, please contact:

Buffy Gillette (407) 622.6699

PCCP, LLC Provides $28 Million Senior Loan to Xebec Realty Partners for Development of A State-of-the-Art Industrial Park in Azusa, CA

Jay Soni
Los Angeles, CA – PCCP, LLC announced today that it has provided a $28 million senior loan to an affiliate of Xebec Realty Partners for the development of 10th Street Center, a three-building 342,629-square-foot Class A industrial park located in Azusa, California. 

The 21.6-acre site was acquired in June 2013 by an affiliate of Xebec Realty Partners.  

The site has been successfully entitled for industrial use and construction will begin immediately on three speculative buildings.

The first building will total approximately 88,349 square feet, the second building will total approximately 75,278 square feet, and the third building will total approximately 179,002 square feet. 

The facilities will have state-of-the-art features that include a 32-foot clear height and ESFR sprinkler system. 

 “This is PCCP’s first loan with Xebec Realty Partners,” stated Ron Bonneau, vice president with PCCP, LLC. “Xebec has a successful 26-year track record for building more than seven million square feet of infill industrial product and we feel this quality project will help meet the market’s high demand for much-needed space.”  

10th Street Center is situated along the west side of Todd Avenue near the 210 and the 605 freeways, which provide access throughout all of Los Angeles County.

The property is located in the San Gabriel Valley area, which is one of Los Angeles’ tightest industrial submarkets, with 1.3 percent vacancy according to CBRE.

  Xebec, in partnership with PCCP, is addressing this pent-up demand for state-of-the-art Class A warehouse facilities in the area through the development of the new industrial park.

“We are thrilled to be forging a new relationship with PCCP through this deal,” added Jay Soni, vice president of acquisitions for Xebec. “We look forward to successfully developing the site in Azusa as well as continuing to grow our relationship with PCCP in the future.”

Bonneau added: “The majority of the existing inventory in the San Gabriel Valley is older product with compromised functionality, so new product is highly sought after by users and should command strong activity.”

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

HFF closes $56 million sale of Schneider Electric headquarters in Andover, MA

800 Federal Street, Andover, MA
BOSTON, MA - HFF announced today that it has closed the sale of 800 Federal Street, a 235,943-square-foot, state-of-the-art innovation center that was designed and built for Schneider Electric in Andover, Massachusetts, a suburb north of Boston.

                HFF represented the seller, Long Wharf Real Estate Partners and Leggat McCall, in the sale of the property.  W.P. Carey, Inc. purchased the asset for $56 million or $237 per square foot.

Coleman Benedict
                800 Federal Street was completed in 2014 as the U.S. research and development headquarters for Schneider Electric, a global specialist in energy management.

  The LEED-certified property was designed to reflect the company’s technological sophistication by incorporating its own energy-efficient products and solutions into the facility’s design, which will reduce energy and operational costs in the long run.

  800 Federal Street will house up to 900 employees and features a fitness center with locker rooms and showers, multiple conference/meeting rooms and a full-service cafeteria with seating for more than 200 employees. 

Located just off Interstate 93 at Exit 45 in Andover, the property is close to the Interstate 495 interchange about 23 miles north of Boston.

                The HFF investment sales team representing the seller was led by senior managing director Coleman Benedict, director Ben Sayles and real estate analyst Patrick McAneny.

Ben Sayles
Long Wharf Real Estate Partners is a Boston-based private equity real estate manager focused on value-added investments in the U.S.

 Investing on behalf of institutional clients including public and corporate pension funds, endowments, foundations, and family offices, Long Wharf utilizes a broad-based value-added strategy targeting opportunities in multiple property sectors and markets across the country.

                Leggett McCall, which has been an integral part of the Greater Boston landscape since 1965, is in the business of delivering complex real estate projects as investors, project managers and advisors.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

$48.25 million sale of Class A creative office in San Francisco closed by HFF

1019 Market Street, San Francisco, CA
SAN FRANCISCO, CA – HFF announced today that it has closed the sale of 1019 Market Street, a 75,523-square-foot, transit-oriented creative office property with ground floor retail in San Francisco’s Mid-Market District.

                HFF represented the seller, a joint venture between certain affiliates of Westport Capital Partners LLC and Cannae Partners LLC, in the sale of the property to a global investment manager.  

The buyer paid $48.25 million for the asset and assumed the property free and clear of debt.

Steven Golubchik
                Originally built in 1909, 1019 Market was completely re-constructed in 2013.  The redeveloped property blends historic features such as classical Corinthian-style columns, exposed brick and timber interiors, and floor-to-ceiling glass line with modern stadium-like collaborative meeting areas, high-end creative office space finishes and an exterior LED lighting system. 

 1019 Market is 100 percent leased on a long-term basis to cloud-based customer service firm Zendesk, with a small ground floor NNN retail tenant signed up for 10 years.

 The seven-story property is situated within one block of both the Civic Center and Power Street BART/Muni subway stations and two blocks from the future Central Subway project providing access to Caltrain with connections to the Peninsula and Silicon Valley.

  1019 Market is positioned within the Mid-Market District that is located between Union Square and SoMa, home to one of the greatest concentrations of technology-based companies in the world.

Nicholas Bicardo
The HFF investment sales team representing the seller was led by managing directors Steven Golubchik and Nicholas Bicardo, directors John Simerlein and Nathan Blair and senior real estate analyst Josh DiSalle.

Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic real estate arena. Westport provides domestic and international investment opportunities to institutional and private clients.

 Through its various funds, the firm invests in a wide variety of distressed and opportunistic real estate assets. The firm has offices in Los Angeles, California, Wilton, Connecticut and London, England.

For more information regarding Westport Capital Partners LLC, please visit www.westportcp.com

Cannae Partners LLC is a private real estate company that invests in value-add properties on the West Coast, principally in the San Francisco Bay Area.  Cannae invests on its own behalf as well as in conjunction with institutional partners and high net worth individuals.  Cannae is headquartered in San Francisco, California.

 For more information regarding Cannae, please visit www.cannaepartners.com.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

Lincoln Property Co. Brokers Twisted Taco’s 4,800-Square-Foot Lease in Cumming, GA

ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered Twisted Taco’s 10-year lease of 4,800 square feet for a new location in the Lakeland Plaza shopping center in Cumming, Georgia.

Kirk Williams, vice president of retail leasing for Lincoln, represented Twisted Taco in the transaction.

Rob Murphy of Phillips Edison & Co. represented the building owner, OTR. Twisted Taco currently has locations in metro Atlanta in Alpharetta, Fayetteville, Johns Creek, Suwanee and near Emory University. 

The new site in Cumming is slated to open in spring 2015.

“We have worked diligently to allow the Twisted Taco brand to grow organically in order to maintain our commitment to the best cuisine and the quality atmosphere that our guests have come to expect,” said Paul Gibbs, president of Twisted Taco.

Kirk Williams
“Now that our concept is established and our foundation is solid, we will successfully expand Twisted Taco throughout the Southeast and beyond. We look forward to bringing our “twist” on Mexican cuisine to the Cumming community.”

Twisted Taco plans to add open another two locations over the next six months, including the chain’s first fast-casual concept, which will be located in Oklahoma, Gibbs added.

“Twisted Taco has deservedly earned a loyal customer base and a great reputation in metro Atlanta, and the opportunity to help the chain expand into Cumming was an exciting one,” Williams said. 

“We take a lot of pride in helping our clients find the exact right location, and we have no doubt that Twisted Taco will thrive in Lakeland Plaza.”

City Hall, Cumming, GA
The 301,558-square-foot shopping center, located at 501 Buford Highway, has recently signed several national tenants, including Jo-Ann Fabrics, LA Fitness and Sprouts.

 All of the new tenants will open by next spring. Existing tenants include Belk Department Store, Dress Barn and Office Depot.

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group

Greystone's Western Financing Hub Applies Fannie Mae Delegated Underwriting and Servicing (DUS®) Program for Significant Unique Transactions

Tim Thompson
NEW YORK, NY (Oct. 14, 2014) – Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced it has funded several large loans through its recently expanded West Coast operations team.

Spanning a growing presence from Seattle to San Diego, Greystone has served as an integral finance partner to an increasing number of commercial property owners in today’s low-rate environment that is optimal for refinance or acquisitions.

Recent transactions

Greystone’s Tim Thompson of its San Francisco office originated under the Fannie Mae Delegated Underwriting and Servicing (DUS®) program include:

Sausalito, CA
·         $23.4 million loan to refinance a sprawling 90-unit complex – one of the largest in Sausalito, CA – with bay views, landscaped terraces and pool. The 12-year loan featured five interest-only years.

·         $10.4 million, 10-year loan to refinance a Class A multifamily project in Mountain View, CA with a very unique ownership structure.

·         $12.7 million, 10-year acquisition loan of a Class A multifamily property in Goodyear, AZ, which was the first real estate venture for the borrower in that state

“Greystone’s capability to uniquely serve property owners on the West Coast has been growing steadily over the last few years,” said Thompson, managing director and head of Greystone’s San Francisco office.

 “With our ever-increasing platform of lending products to match our seasoned, creative lending professionals, we are poised to address the unique needs of multifamily owners in this region.”

Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.

 In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending, #3 in Affordable Housing volume as a Fannie Mae DUS lender, and as a top-5 Freddie Mac lender for seniors housing.

For a complete copy of the company’s news release, please contact:

Karen Marotta
PR Manager
152 W. 57th Street
New York, NY 10019
212-896-9149 direct
917-902-7073 mobile

RealtyTrac Report Scores More than 1,500 Counties Based on Up to Five Factors Affecting Housing

Daren Blomquist
IRVINE, CA – Oct. 14, 2014 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released a 2014 Election Housing Scorecard report analyzing the health of local housing markets in more than 1,500 counties nationwide compared with two years ago.

The report scored 1,547 U.S. county housing markets based on up to five factors impacting housing health: housing affordability compared to two years ago, unemployment rates compared to two years ago, foreclosure starts compared to two years ago, median home prices compared to two years ago, and the percentage seriously underwater homeowners. County housing markets were categorized as Better Off, Worse Off or a Toss-Up based on this score.

“The housing market recovery has truly taken hold in about half of the country, but the recovery is weak or experiencing a relapse in the other half,” said Daren Blomquist, vice president of RealtyTrac.

“Whether because of good government policy, sheer luck or otherwise, the majority of county housing markets in six of the eight states with close U.S. Senate races are better off than they were two years ago.

“This should favor the incumbent, or the incumbent’s party, all else being equal — which of course we know it is not.

" The only exceptions were Iowa and Alaska, where the majority of county housing markets were classified as toss-ups compared with two years ago.”

For a complete copy of the company’s news release, please contact:

Ginny Walker
Office: 949.502.8300 ext. 268
Mobile: 323-317-5852  

Hartman Simons in Atlanta, GA Hires Attorneys Lisa Byrd and Benjamin Gordon

Lisa Byrd

ATLANTA, GA (Oct. 14, 2014) – Hartman Simons & Wood (Hartman Simons) has hired attorneys Lisa Byrd and Benjamin Gordon. Both Byrd and Gordon are associates with the firm.

Byrd has extensive experience in drafting, reviewing and negotiating retail leases for national tenants, and in crafting purchase and sale agreements, development agreements, opinion letters and other traditional closing documents. Byrd also specializes in loan workouts and foreclosures.
Gordon previously worked for the City of Pittsburgh’s Zoning Board of Adjustment as well as the law firms of Weissman Nowack Curry & Wilco P.C. and Farrell & Reisinger LLC.

“We are very excited about the additions of Lisa and Ben to our firm,” said Gil Y. Burstiner, managing partner of the firm.

“Both of these lawyers bring tremendous smarts, valuable experience and a strong work ethic. With commercial real estate rebounding after several years of recession-induced inactivity, our firm is in the midst of a very busy and productive year, and Lisa and Ben will no doubt provide excellent legal assistance to our clients.”

Gil Y. Burstiner
Byrd is a graduate of the University of Michigan Law School. Gordon received his law degree from the University of Pittsburgh School of Law.

 Based in Atlanta, Hartman Simons & Wood LLP, a leading commercial real estate law firm, is respected for its integrity, experience and value-driven results. 

Businesses of all sizes count on its team of attorneys and paralegals for sound, practical and effective legal solutions. 

Hartman Simons & Wood is recognized for its proven expertise in the following practice areas: commercial real estate, construction and sustainable development, corporate and tax, creditor’s rights and bankruptcy, environmental, investment & finance, land use & government relations and litigation.

 For more information check out our website at http://www.hartmansimons.com and our blog http://hartmansimons.typepad.com.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404.549.7150 – office
404.405.2354 – cell

Hold-Thyssen Negotiates Two Leases totaling over 2,100 square feet at Phillips Place on Dr. Phillips Boulevard in Southwest Orlando, FL

Darby Hold
WINTER PARK, FL --- Hold-Thyssen, a real estate services firm headquartered in Winter Park, recently negotiated two lease agreements totaling 2,179 rentable square feet at Phillips Place, 7575 Dr. Philips Blvd. in Southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. negotiated both transactions representing the landlord, Financial Way Realty, Inc. based in Cincinnati, Ohio.

The Patten Law Firm renewed and extended its lease of 1,659 square feet at Phillips Place.  The transaction included extension of the lease for an additional year for a total three-year term.   At the same time Hold negotiated a two-year renewal with Fitzgibbon Alexander, Inc. for 520 square feet at the office center. 

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building, which is now 75 percent leased

7575 Dr. Phillips Boulevard, Southwest Orlando, FL
Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide. 

 The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com.